COS, Canadian Oil Sands update

There is no reason to change the outlook from five months ago, so far so good. This still may not be the correct interpretation but for the moment we will work with it. As mentioned ad nauseum triangles occur only in 4th or B-wave positions. Given the size relative to the initial drop a B-wave makes most sense. Again, if correct, it projects to about $13 sometime around February 2014. A rise above the minor c wave within the triangle would negate this outlook.